Basic Fit Correlations

Stocks . UK . 
Stock . Basic Fit NV
0RHD Stock   31.73  0.78  2.52%   
The current 90-days correlation between Basic Fit NV and Malvern International is -0.03 (i.e., Good diversification). The correlation of Basic Fit is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Basic Fit Correlation With Market

Very poor diversification

The correlation between Basic Fit NV and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Basic Fit NV and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Basic Fit could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Basic Fit when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Basic Fit - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Basic Fit NV to buy it.

Moving together with Basic Stock

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Moving against Basic Stock

  0.680KYZ SBA CommunicationsPairCorr
  0.670R15 SoftBank Group CorpPairCorr
  0.420A2L International ConsolidatedPairCorr

Related Correlations Analysis


Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CHLL
+ 0.88
QBT
QBT
+ 0.8
HAYD
CHLL
+ 0.68
HAYD
MLVN
+ 0.68
QBT
MLVN
+ 0.62
CHLL
MLVN
+ 0.48
HAYD
  

High negative correlations

VRS
- 0.22
HAYD

Risk-Adjusted Indicators

There is a big difference between Basic Stock performing well and Basic Fit Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Basic Fit's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Basic Fit without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Basic Fit Corporate Management

Elected by the shareholders, the Basic Fit's board of directors comprises two types of representatives: Basic Fit inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Basic. The board's role is to monitor Basic Fit's management team and ensure that shareholders' interests are well served. Basic Fit's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Basic Fit's outside directors are responsible for providing unbiased perspectives on the board's policies.
Erica HahnChief OfficerProfile
Redouane ZekkriChief OfficerProfile
John RoegInvestor MangProfile
Erica VonderenChief OfficerProfile
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